Intech Investment Management LLC Has $1.73 Million Holdings in C3.ai, Inc. (NYSE:AI)

Intech Investment Management LLC lifted its position in shares of C3.ai, Inc. (NYSE:AI - Free Report) by 42.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,372 shares of the company's stock after buying an additional 14,910 shares during the period. Intech Investment Management LLC's holdings in C3.ai were worth $1,734,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AI. Brown Lisle Cummings Inc. boosted its position in C3.ai by 100.0% during the 4th quarter. Brown Lisle Cummings Inc. now owns 800 shares of the company's stock worth $28,000 after acquiring an additional 400 shares during the last quarter. R Squared Ltd bought a new stake in shares of C3.ai in the fourth quarter worth $29,000. CENTRAL TRUST Co acquired a new position in C3.ai during the fourth quarter worth $34,000. Global Retirement Partners LLC boosted its stake in shares of C3.ai by 1,004.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,115 shares of the company's stock worth $38,000 after buying an additional 1,014 shares during the last quarter. Finally, Quest Partners LLC boosted its position in C3.ai by 9,033.3% during the third quarter. Quest Partners LLC now owns 1,644 shares of the company's stock valued at $40,000 after purchasing an additional 1,626 shares during the last quarter. 38.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AI shares. DA Davidson lowered their target price on shares of C3.ai from $40.00 to $25.00 and set a "neutral" rating on the stock in a report on Thursday, February 27th. Canaccord Genuity Group lowered their price objective on shares of C3.ai from $40.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, February 27th. KeyCorp dropped their target price on shares of C3.ai from $29.00 to $21.00 and set an "underweight" rating on the stock in a report on Thursday, February 27th. Morgan Stanley lowered their price target on C3.ai from $32.00 to $30.00 and set an "underweight" rating on the stock in a research report on Thursday, February 27th. Finally, JMP Securities upped their price objective on C3.ai from $40.00 to $55.00 and gave the company a "market outperform" rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, C3.ai has a consensus rating of "Hold" and a consensus target price of $31.33.

Remove Ads

C3.ai Trading Up 0.2 %

AI stock traded up $0.05 during trading hours on Tuesday, hitting $23.54. 2,627,710 shares of the stock were exchanged, compared to its average volume of 5,236,486. C3.ai, Inc. has a 12 month low of $18.85 and a 12 month high of $45.08. The firm has a market capitalization of $3.12 billion, a P/E ratio of -10.65 and a beta of 2.03. The company has a 50-day simple moving average of $28.12 and a two-hundred day simple moving average of $29.40.

C3.ai (NYSE:AI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.37). The business had revenue of $98.78 million during the quarter, compared to analyst estimates of $98.12 million. C3.ai had a negative return on equity of 31.31% and a negative net margin of 79.17%. On average, equities research analysts predict that C3.ai, Inc. will post -2.44 earnings per share for the current year.

Insider Transactions at C3.ai

In related news, Director Richard C. Levin sold 12,000 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $34.80, for a total transaction of $417,600.00. Following the completion of the sale, the director now directly owns 161,664 shares in the company, valued at $5,625,907.20. This represents a 6.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Merel Witteveen sold 1,133 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $22.25, for a total value of $25,209.25. Following the completion of the sale, the vice president now directly owns 7,287 shares in the company, valued at $162,135.75. This trade represents a 13.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,510,546 shares of company stock valued at $43,235,262. 33.54% of the stock is owned by corporate insiders.

C3.ai Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.